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The mortgage tech industry has taken its fair share of punches in 2023. But for ICE, it was a year of solidifying its dominance in the mortgage space.
As of June 2023, the BOA had $2.4 trillion in assets, which makes it the second-largest bank in the United States.
In 2021, only 18% of homebuyers had $2,000 monthly payments. This July, that number ballooned to 51%.
On Monday, New York Stock Exchange-owner ICE and mortgage data vendor Black Knight said the joint agreement will allow them to continue working toward a final settlement agreement with the FTC. Shares of Black Knight rose 4.4% to $74.62. The agreement clears a major regulatory hurdle for ICE and Black Knight, which had been struggling to get a green light from regulators.
New figures from the Bank of England show mortgage borrowing fell back to £3.3bn in April, down from a record £11.5bn in March.